Electric Utilities company Adani Energy Solutions announced Q3FY24 & 9MFY24 results: Q3FY24: Revenue grew by 19.0% YoY, reaching Rs 3,615 crore, compared to Rs 3,037 crore in Q3FY23. Total EBITDA in Q3FY24 was Rs 1,732 crore, reflecting a marginal YoY growth of 1.4%. Operating EBITDA in Q3FY24 witnessed a growth of 10.4% YoY, reaching Rs 1,454 crore. Net Profit in Q3FY24 was Rs 348 crore, reflecting a significant YoY decrease of 27.2%, compared to Rs 478 crore in Q3FY23. 9MFY24: Over 9MFY24, revenue increased by 16.9%, reaching Rs 10,657 crore, compared to Rs 9,117 crore in 9MFY23. Over 9MFY24, total EBITDA increased by 3.6%, reaching Rs 4,553 crore. Over 9MFY24, operating EBITDA increased by 8.1%, reaching Rs 4,077 crore. Over 9MFY24, net profit decreased by 3.1%, reaching Rs 815 crore. “Our growing portfolio with newly commissioned lines, coupled with favorable energy demand, continues to drive our growth. We are proud of our contribution to developing national transmission infrastructure, which is very critical to facilitating renewable evacuation, especially from the Khavda region. With humility, we welcomed the prestigious Global recognition in the form of the Sustainability Leadership Award 2023 from the World Sustainability Congress, demonstrating our outstanding leadership, commitment to reducing environmental impact, and dedication to promoting sustainable practices,” said Anil Sardana, MD, Adani Energy Solutions. “We are very excited about opportunities in all lines of business in AESL. The smart metering segment is consistently growing besides our existing T and D established industry position. To offer smart and tech-enabled smart metering solutions, our partnership with Airtel, Esyasoft, and AdaniConnex will be very fruitful and will immensely augment our offering,” said Kandarp Patel, CEO, Adani Energy Solutions. Result PDF
Electric Utilities company Adani Transmission announced Q1FY24 results: Consolidated Revenue increased by 19% to Rs 3,622 crore EBITDA at Rs 1,378 crore grew by 4% YoY PBT of Rs 343 crore was 70% higher YoY PAT ended 8% higher at Rs 182 crore Consolidated cash profit of Rs 649 crore during the quarter was 11% lower YoY due to the one-time tax impact of Rs 65 crore on dividend from its subsidiary AEML and additional cash outgo of Rs 20 crore for hedging cost on moving to CCS from option contracts. Anil Sardana, MD, Adani Energy Solutions, said, "AESL is constantly evolving and is already a significant player in the T&D; sector. AESL’s growth trajectory remains firm despite the challenging macroeconomic environment. Our pipeline of projects and recently operationalized assets will further strengthen our pan-India presence and consolidate our position as the largest private-sector transmission and distribution company in India. AESL is consistently benchmarking to be the best-in-class and is pursuing disciplined growth with strategic and operational de-risking, capital conservation, ensuring high credit quality, and business excellence with high governance standards. The journey towards a robust ESG framework and practicing a culture of safety is integral to our pursuit of enhanced long-term value creation for all our stakeholders." Result PDF